Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 13-205: (a) When a security interest in a vehicle is satisfied, the secured party shall execute a release of the security interest on the form that the Administration requires
What this law says, in plain English
When a vehicle loan is paid off, the lender must complete a release form and send copies to the owner, state administration, and any authorized dealer. The state then removes the lender's claim from the title or issues a new title.
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